Susquehanna Bancshares Inc reaffirmed their neutral rating on shares of Crocs, Inc. (NASDAQ:CROX) in a research note released on Friday morning. The firm currently has a $7.00 target price on the textile maker’s stock, up from their previous target price of $6.00.
A number of other analysts have also commented on the stock. B. Riley reaffirmed a neutral rating and set a $8.00 price objective on shares of Crocs in a research note on Monday, May 8th. Zacks Investment Research lowered shares of Crocs from a hold rating to a strong sell rating in a research note on Tuesday, May 9th. Monness Crespi & Hardt lowered shares of Crocs from a buy rating to a neutral rating in a research note on Tuesday, January 31st. Finally, Piper Jaffray Companies set a $7.00 price objective on shares of Crocs and gave the company a hold rating in a research note on Wednesday, March 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $9.10.
Crocs (NASDAQ:CROX) opened at 6.30 on Friday. The company’s 50 day moving average is $6.41 and its 200 day moving average is $7.00. The firm’s market cap is $466.82 million. Crocs has a 52-week low of $5.93 and a 52-week high of $12.53.
Crocs (NASDAQ:CROX) last posted its quarterly earnings data on Wednesday, May 10th. The textile maker reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.08. Crocs had a negative net margin of 4.35% and a negative return on equity of 10.92%. The company had revenue of $267.90 million during the quarter, compared to analyst estimates of $258.10 million. During the same quarter last year, the firm posted $0.07 EPS. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. Equities research analysts forecast that Crocs will post ($0.03) EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the company. CSS LLC IL bought a new stake in Crocs during the third quarter worth about $115,000. Aperio Group LLC raised its stake in Crocs by 3.5% in the third quarter. Aperio Group LLC now owns 14,041 shares of the textile maker’s stock worth $117,000 after buying an additional 479 shares during the period. Capital Fund Management S.A. bought a new stake in Crocs during the first quarter worth about $111,000. Jane Street Group LLC bought a new stake in Crocs during the first quarter worth about $113,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in Crocs by 1.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 16,340 shares of the textile maker’s stock worth $136,000 after buying an additional 200 shares during the period. 89.19% of the stock is owned by institutional investors and hedge funds.
Crocs Company Profile
Crocs, Inc is engaged in the design, development, manufacturing, marketing, distribution and sale of casual lifestyle footwear and accessories for men, women, and children. The Company’s segments include Americas, Asia Pacific and Europe. Its products include footwear and accessories that utilize its closed-cell resin, called Croslite, as well as casual lifestyle footwear that use a range of materials.
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